Q. “I'm a member of Pickpocket Trader and Red Hot Storm Trader. I am currently using the Velocity Trader platform. My question is when I take a trade and follow your system, what order type should I choose and why? Please see attached picture”
A. Hi Zweli, Thank you for the question.
Out of the list above, there are only two market orders I like to use:
Market Order
This is wher... ››› more
My trading is governed by this cheat sheet which focuses on three things!
• The first is trading goals.
• The second, your trade reporting and how to spot a big trend.
• Third, A trade analysis & execution plan.
Sticking to this cheat sheet has made me a successful trader for the last 20 years and now I hope it can do the same for you…
I've broken this cheat sheet into ... ››› more
First world countries are suddenly dealing with higher inflation than in third world countries!
In the US for instance inflation is currently at 8.5%.
It hasn't been above 4% since 2009. And in the past 25 years it's never been above 6%.
And now inflation is the highest it's been in 40 years!
But it's not just the US that's seeing inflation speed up. The UK, Australia, Canada and much ... ››› more
Last week, I flew to South Africa to catch up with friends and relatives.
I'm thrilled to have also have flown with my lovely girlfriend, so I can show her around this beautiful country.
Compared to chilly Greece, the weather has been perfect and it's been incredible being back to friendly faces, open air, amazing food and a lekker Jozie spirit!
Any way last week Friday, I decided to phon... ››› more
Q. “Timon, I am trying to figure out what will suit me best as a trader. Maybe you can help me with my trading profile. I'm a 56 year old single house father who has about 1 hour a day to trade with income from property rental. I don't like too much stress and I certainly don't like the idea of losing a lot of money in a day. Can you help me figure out who I am as a trader?” A. Hi Bryce, you... ››› more
On the 11th and 12th of April, parts of KwaZulu-Natal received between 200 and 400 mm of rainfall in a 24-hour period.
Scenes from the KZN floods were shocking. I'm sure you saw the scenes of container yards flooded, trucks upturned and infrastructure in the Durban area decimated.
The South African government declared a national state of disaster to respond to the flood hit areas.
Homes h... ››› more
Raise your hand if you lost money in the markets?
I know I did in 2004 up to 2008.
It was because I kept making the same old mistakes newbies make.
4 Years!
Funny thing. I already had a winning trading strategy that was working on a consistent basis on paper. And yet, I was failing as a trader.
That was until, I started talking to top traders.
From Peter L. Brandt multi-US milliona... ››› more
There's no doubt about it…
“Map apps” have revolutionised the way people travel.
In less than a minute, you can open an app on your phone, type an address and voila…
You're ready to go.
It's no wonder why “map apps” like Google, Waze (owned by Google) and
Apple boast hundreds of millions of users - even BILLIONS!
But one day that could change.
You see, a new crypto s... ››› more
Zeder is a little investment holdings company on the JSE. For years it was a core shareholder in Pioneer Foods (acquired by PepsiCo). It also holds a number of other interesting agricultural businesses as well…
But the company's share price is down 62% in the past five years.
What's going on? And is there an opportunity to profit? -----------------------------------------------------------... ››› more
You'll often hear us say the same thing.
To trade successfully you'll need to know how to follow the rules, keep to discipline and repeat the process.
However, there is one crucial mistake that we see all the time from new traders.
And the reason for it involves fear.
You'd think that greed is what destroys traders. But I think the fear of losing is what prevents traders from being suc... ››› more
The hardest decision as a trader, can you guess what it is?
No, it's the learning of how a trading platform works - you can learn this in two days.
It's not the depositing of money - you can do this with a mere credit card.
And it's not opening an account with a broker - this can take up to 10 minutes nowadays.
One of the most difficult decisions you'll make with trading, is actually... ››› more
Last week Wednesday, one of our reader's asked about trading bots.
We spoke about the best trading robots in 2022 and how to get started with them. If you missed the article, click here to catch up.
This idea really sparked my attention.
You see, I am a firm believer that trading bots will be the future of trading.
It will be for those who either do not have time to sit in front of a s... ››› more
In our QA mailbox this past week...
Q. “I've been reading lately about trading bots and how they are designed to take trades without you having to look at a screen. I have a full-time job and I'm wondering if you know any trading bots that can run my trading account. Also, how would you go about trading with robots at a beginner level?”
A. As technology improves each year, we will start ... ››› more
What if I told you… this is all you'll ever need to take your trading profits to a whole new level?
You will Never need to buy another product.
You will Never need to attend another event.
You will Never have to worry about technical jargon.
And you WILL realise how easy the process is within just a few hours.
Allow me to introduce myself…
My name is Timon Rossolimo... ››› more
In 2020 the South African economy saw an unprecedented crash because of the Covid-19 pandemic.
In dollar terms our country's GDP dropped from $351.4 billion to $301.92 billion.
That's roughly R740 billion that disappeared from our GDP overnight.
Tourism came to a halt.
Restaurants, hotels, gyms and car dealerships hit a massive slump.
Property, specifically office space became a hot... ››› more
If you're looking to build your wealth through trading and you're finally feeling it's time to take action - This article is for you.
Each year, I love to start the year with direction and purpose when it comes to trading.
Share this article, send it to your friends and family and let's start your year off on a profitable note.
Here are my favourite 5 trading resolutions in 2022.
-... ››› more
“I've recently signed up to Pickpocket Trader and wanted to ask a question.
In the Welcome Guide you suggest, you never risk more than 2% per trade.
However, when we are entering into a number of trades we are risking a larger amount with our portfolio. My question is, what is the maximum number of open trades I should have in my portfolio at any one time?”
A. Whether you... ››› more
I received an email the other day from George Deebs…
I'll leave you with the question he asked which I'm sure will resonate with a lot of my Trading Tips members…
“Timon, I'm still umming and ahhing whether this MATI Trader System Programme is what I've been looking for to generate an extra income for my future. I think the final decider will be when I see WHY this is what I need to ... ››› more
You know, I went through my charts last week.
And I was curious to see how my portfolios would have done if I traded a number of other systems.
Now these systems are not thumb-sucked out of thin air.
They are ones I've optimised and back and forward tested since 2008 (When I had the programming skills to do so).
And I adapted them from multi-millionaire dollar traders like Peter L ... ››› more
Q. "I'm really stumped on this one. In February 2021, I made a promise to start real trading, after I saw Red Hot Storm Trader make positive returns year after year.
I decided to start out with a R1,000 portfolio, to test out a real account.
And last week, I took my first trade and bought 1 Aspen CFD, thanks to Timon's last RHT trade idea.
Now I'm old but I understand that the share... ››› more
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